Zhejiang Weiming Environment Protection Co., Ltd. (SHA:603568)

SHA:603568 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	6,919	7,129	5,993	4,450	4,236	3,111
Other Revenue	42.56	41.77	31.96	24.17	53.15	12.55
Revenue	6,961	7,171	6,025	4,474	4,289	3,123
Revenue Growth (YoY)	-3.91%	19.03%	34.66%	4.30%	37.32%	53.25%
Cost of Revenue	3,213	3,460	3,166	2,360	2,260	1,433
Gross Profit	3,748	3,712	2,859	2,113	2,029	1,690
Selling, General & Admin	276.9	275.18	251.4	200.01	142.93	113.41
Research & Development	117.66	114.33	99.87	84.51	60.71	60.15
Other Operating Expenses	-3.13	-50.05	-32.57	-28.08	-41.44	-22.8
Operating Expenses	498.02	442.58	391.48	156.7	215.92	194.32
Operating Income	3,250	3,269	2,467	1,957	1,813	1,496
Interest Expense	-178.97	-188.02	-176.69	-173.83	-63.7	-29.94
Interest & Investment Income	76.33	54.93	33.56	25.37	11.23	7.33
Currency Exchange Gain (Loss)	2.89	4.35	6.72	4.4	0.02	-0.02
Other Non Operating Income (Expenses)	-119.18	-96.98	-98.3	-82.44	-51.94	-58.67
EBT Excluding Unusual Items	3,031	3,043	2,232	1,730	1,709	1,415
Gain (Loss) on Sale of Assets	-0.09	0.36	-1.13	0.85	-0.06	-0.07
Other Unusual Items	116.84	68.48	53.2	62	52.33	41.52
Pretax Income	3,148	3,112	2,284	1,793	1,761	1,456
Income Tax Expense	349.9	327.61	198.27	111.06	153.43	200.27
Earnings From Continuing Operations	2,798	2,784	2,086	1,682	1,608	1,256
Minority Interest in Earnings	-92.17	-80.6	-37.74	-17.84	-2.63	1.51
Net Income	2,706	2,704	2,048	1,664	1,605	1,257
Net Income to Common	2,706	2,704	2,048	1,664	1,605	1,257
Net Income Growth	10.65%	31.99%	23.09%	3.69%	27.65%	29.03%
Shares Outstanding (Basic)	1,691	1,690	1,693	1,698	1,638	1,635
Shares Outstanding (Diluted)	1,702	1,711	1,721	1,716	1,672	1,635
Shares Change (YoY)	-1.65%	-0.59%	0.33%	2.62%	2.28%	1.94%
EPS (Basic)	1.60	1.60	1.21	0.98	0.98	0.77
EPS (Diluted)	1.59	1.58	1.19	0.97	0.96	0.77
EPS Growth	12.50%	32.77%	22.68%	1.04%	24.80%	26.58%
Free Cash Flow	-291.47	-622.67	52.34	-52.79	-1,169	-945.22
Free Cash Flow Per Share	-0.17	-0.36	0.03	-0.03	-0.70	-0.58
Dividend Per Share	0.480	0.480	0.250	0.150	0.100	0.235
Dividend Growth	92.00%	92.00%	66.67%	50.00%	-57.37%	27.85%
Gross Margin	53.84%	51.76%	47.45%	47.24%	47.31%	54.11%
Operating Margin	46.69%	45.59%	40.95%	43.74%	42.27%	47.89%
Profit Margin	38.87%	37.70%	34.00%	37.20%	37.42%	40.25%
Free Cash Flow Margin	-4.19%	-8.68%	0.87%	-1.18%	-27.26%	-30.26%
EBITDA	3,845	3,861	3,014	2,427	2,067	1,707
EBITDA Margin	55.23%	53.85%	50.03%	54.25%	48.19%	54.64%
D&A For EBITDA	594.85	592.35	547.26	470.22	254.03	210.91
EBIT	3,250	3,269	2,467	1,957	1,813	1,496
EBIT Margin	46.69%	45.59%	40.95%	43.74%	42.27%	47.89%
Effective Tax Rate	11.12%	10.53%	8.68%	6.19%	8.71%	13.75%
Revenue as Reported	6,961	7,171	6,025	4,474	4,289	3,123
Advertising Expenses	-	0.04	0.31	0.57	0.24	0.89

Source: S&P Global Market Intelligence. Standard template. Financial Sources.